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United Cotfab IPO is a fixed price issue of ₹36.29 crores. The issue is entirely a fresh issue of 0.52 crore shares of ₹36.29 crore.
United Cotfab IPO bidding started from Jun 13, 2024 and ended on Jun 19, 2024. The allotment for United Cotfab IPO was finalized on Jun 20, 2024. The shares got listed on BSE SME on Jun 24, 2024.
United Cotfab IPO price is ₹70.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,40,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,80,000.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. The market maker of the company is Spread X Securities Pvt.Ltd..
Refer to United Cotfab IPO RHP for detailed Information.
| IPO Date | June 13, 2024 to June 19, 2024 |
| Listing Date | June 24, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹70 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 51,84,000 shares (aggregating up to ₹36.29 Cr) |
| Reserved for Market Maker | 2,60,000 shares Spread X Securities Pvt.Ltd. (aggregating up to ₹1.82 Cr) |
| Net Offered to Public | 49,24,000 shares (aggregating up to ₹34.47 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,20,06,000 shares |
| Share Holding Post Issue | 1,71,90,000 shares |
United Cotfab IPO offers total 51,84,000 shares. Out of which 24,62,000 (47.49%) allocated to NII, 24,62,000 (47.49%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,60,000 (5.02%) |
| NII (HNI) Shares Offered | 24,62,000 (47.49%) |
| Retail Shares Offered | 24,62,000 (47.49%) |
| Total Shares Offered | 51,84,000 (100.00%) |
United Cotfab IPO opens on June 13, 2024, and closes on June 19, 2024.
| IPO Open Date | Thu, Jun 13, 2024 |
| IPO Close Date | Wed, Jun 19, 2024 |
| Tentative Allotment | Thu, Jun 20, 2024 |
| Initiation of Refunds | Fri, Jun 21, 2024 |
| Credit of Shares to Demat | Fri, Jun 21, 2024 |
| Tentative Listing Date | Mon, Jun 24, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jun 19, 2024 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,40,000 |
| Retail (Max) | 1 | 2,000 | ₹1,40,000 |
| HNI (Min) | 2 | 4,000 | ₹2,80,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2015, United Cotfab Limited manufactures high-quality open-end yarn for the textile industry. The company's clients include textile manufacturers, garment exporters and distributors.
The company's product portfolio includes Open End Cotton Yarn and Cotton Yarn
The company's manufacturing process adheres to stringent quality standards and is backed by advanced technology and machinery.
The manufacturing facility of the Company is situated in Taluka, Ahmedabad. The Manufacturing facility of the company has an installed capacity of approx 9125 (MT) per annum
As of March 31, 2024, the company has 118 Employees.
United Cotfab Limited's revenue increased by 17945.52% and profit after tax (PAT) rose by 6121.46% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 8,168.46 | 5,367.71 | 1,559.95 | 107.10 |
| Total Income | 11,552.74 | 64.02 | 1.88 | |
| Profit After Tax | 866.65 | 13.93 | 1.60 | -0.11 |
| Net Worth | 1,356.42 | 993.56 | 681.97 | 0.22 |
| Reserves and Surplus | 188.10 | |||
| Total Borrowing | 4,750.93 | 3,821.18 | 773.47 | 106.50 |
| Amount in ₹ Lakhs | ||||
The market capitalization of United Cotfab IPO is ₹120.33 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 72.76% |
| ROCE | 26.95% |
| Debt/Equity | 3.42 |
| RoNW | 63.89% |
| PAT Margin | 7.52% |
| Price to Book Value | 6.19 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 7.22 | 5.04 |
| P/E (x) | 9.7 | 13.88 |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] The company that was primarily a trader in fabrics went on stream for manufacturing cotton yarn in April 2023, and thus has just one full year performance. The year marked boosted top and bottom lines that not only raise eyebrows, but also concern over its sustainability, being a highly competitive and fragmented segment. Based on FY24 super earnings, the issue appears fully priced. Well-informed/cash surplus investors may park moderate funds for the long term. Read detail review...
| Listing Date | June 24, 2024 |
| BSE Script Code | 544195 |
| NSE Symbol | |
| ISIN | INE0S0I01011 |
| Final Issue Price | ₹70 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹70.00 |
| Open | ₹75.00 |
| Low | ₹75.00 |
| High | ₹78.75 |
| Last Trade | ₹78.75 |
United Cotfab Ltd.
Survey No. 191, Village-Timba,
Taluka-Dascroi, Timba
Dascroi
Ahmedabad, Gujarat, 382425
Phone: +91 987987 4955
Email: info@unitedcotfab.com
Website: https://www.unitedcotfab.com/
Purva Sharegistry (India) Pvt.Ltd.
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
United Cotfab IPO is a SME IPO of 51,84,000 equity shares of the face value of ₹10 aggregating up to ₹36.29 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 2000.
The IPO opens on June 13, 2024, and closes on June 19, 2024.
Purva Sharegistry (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in United Cotfab IPO using UPI as a payment gateway. Zerodha customers can apply in United Cotfab IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in United Cotfab IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The United Cotfab IPO opens on June 13, 2024 and closes on June 19, 2024.
United Cotfab IPO lot size is 2000, and the minimum amount required for application is ₹1,40,000.
You can apply in United Cotfab IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for United Cotfab IPO will be done on Thursday, June 20, 2024, and the allotted shares will be credited to your demat account by Friday, June 21, 2024. Check the United Cotfab IPO allotment status.
The United Cotfab IPO listing date is on Monday, June 24, 2024.
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